San Pedro, CA 90731,469 W Oliver Street

$2,150,000

Est. payment /mo

$2,300,000

6.5%
Est.Price: ?

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469 W Oliver Street San Pedro, CA 90731

5 Beds

3 Baths

SOLD DATE : 12/06/2024

Key Details

Sold Price $2,150,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB24177028

Bedrooms 5

Property Description

We are proud to present our latest investment opportunity, 469 West Oliver Street in San Pedro. This eight unit property features a unit mix of (5) 3 Bed / 2 Bath units and (3) 2 Bed / 1 Bath units (Buyer to verify). Built in 1980, this investment is not subject to City of LA RSO, only State rent control laws! Current income is solid while still providing a new owner projected rental upside of about 40% +/-! There is also a partially completed, permitted ADU that a new owner can finish to reap the increased rental income. Tenants enjoy onsite laundry facilities (leased) as well as nine total parking spots (covered & secured, and private garages). Properties of an 80's vintage are not often available for sale in San Pedro. With the ongoing redevelopment activity and renewed interest in the area, an astute investor will not want to pass up the opportunity to add this property to their portfolio.

Location

State CA

County Los Angeles

Zoning Public Rec

Exterior

View Y/N No

Building

Story 2

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MLS Router / San Diego MLS
Listed by Josh Cohen Keller Williams South Bay
Bought with Cameron Samimi Lyon Stahl Investment Real Estate, Inc.
agent

Pam Wenhe

Broker | License ID: 01325484

+1(619) 892-3300

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